News / Developers

Emaar Unveils New Rental Concept for Holiday Homes

Dubai-based Emaar Properties has announced the introduction of a new rental concept, called "Ease by Emaar," offering holiday home seekers a short-term lease to relish a premium lifestyle at upscale units in its integrated communities across UAE.

Palm Hills Appoints Mohamed Fahmy as COO

Egypt's real estate development company Palm Hills Developments (PHD) has appointed Mohamed Fahmy as Chief Operating Officer (COO) and an executive member of its board of directors, with immediate effect

Inertia Unveils Seacliff Phase I in Jefaira

Egypt's property developer Inertia is launching the first phase of Seacliff neighborhood in Jefaira, its integrated community on the North Coast.

Cairo Festival City to Offer Triple Play Services Early 2020

Al-Futtaim Group Real Estate and Etisalat Misr have agreed to provide triple play services for Cairo Festival City, New Cairo, by early 2020, facilitating the provision of data communication services and high-speed broadband

Palm Hills Records Higher Profits in H1

Egypt's real estate developer Palm Hills Developments (PHD) posted a 3% rise in net profits after tax and minority interest in H1 2019, hitting EGP451 mn.

Marseilia Group Celebrates 20th Anniversary with Saber El Rebai

Marseilia Group has celebrated its 20 years of success in a grand entertaining event, where superstar Saber El Rebai took the stage of Marseilia Beach 4 on the North Coast, for a round of echoing melodic songs.

Elsewedy Electric, Toyota to Build 2 Solar Plants in Zambia

Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, inked a contract with Toyota Tsusho Corporation on August 28 to jointly design and construct two 50-megawatt photovoltaic power plants in Zambia, attempting to make them the largest ever in Africa

Marakez Gets EGP 1.5 bn Facility for Mall of Katameya

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia's Fawaz Alhokair Group, has obtained an EGP 1.5 bn loan facility from five banks to develop phase I of its latest commercial project in east Cairo, Mall of Katameya.

MNHD Secures EGP 300 mn Loan for Sarai

Madinet Nasr Housing and Development (MNHD) concluded on August 28 a contract with the Arab African International Bank (AAIB) to obtain an EGP 300 mn short-term loan

Unveiling of Al Yosr Land Plan by SODIC Approved

Sixth of October Development and Investment Company (SODIC) announced on August 28 that its fully-owned subsidiary, Al Yosr for Projects and Agricultural Development, has received approval for the masterplan of its latest project in New Zayed, west Cairo.

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